Lincoln Educational Services Corp.
Complete the closure of the Somerville, Massachusetts campus
Delivered by the deadline
AI-confirmed · human review in progress Independent AI checks agreed on primary SEC or regulator evidence. Records are now being reviewed by hand, starting with those our customers order.
- Announced
- 7 Nov 2022
- Due
- 31 Dec 2023
- Delivered
- 31 Dec 2023
- Deadline
- Met
- Late
- Not met
- Today
What the company said
“Total costs to close the campus including the teach-out will be approximately $2.0 million and should be completed by the end of 2023.”
What we found
Evidence strength A What the grades mean
The company confirmed that the Somerville, Massachusetts campus was fully taught-out and closed by December 31, 2023, with total costs of approximately $2.0 million.
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A Lincoln Educational Services Corp. 10-K filed 2024-03-05
“As of December 31, 2023, the only campus classified in the Transitional segment is the Somerville, Massachusetts campus. The campus has been fully taught-out and total costs to close the campus were approximately $2.0 million.” ✓ confirmed on the page
Market reaction: the shares moved -0.3% against the S&P 500 over the three sessions around the disclosure (4 Mar 2024 to 7 Mar 2024). What this measures
Checked 2 Oct 2026.
Commitment DNA
The structured record of this commitment. Fields the company did not state are left blank rather than guessed.
- Event type
- Facility other
- Indicative materiality
- Medium rules
- Action
- Complete
- Deliverable
- Somerville campus closure
- Where
- Somerville, Massachusetts
- Language
- Firm (“will”, “on track to”)
- In the company’s control
- High
- Specificity
- High
How this entry was checked
- Commitment recordedThe company's words were matched word for word against the filing.
- First checkAn AI model, Gemini (Google), read the company's later filings and recorded the outcome with a quoted passage.
- Second check: agreesA different AI model, Claude (Anthropic), re-read the evidence without being told the outcome and reached the same answer.
Confirmed. This outcome counts towards the company's Kept Score. How verification works
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Report an error in this entry Reference: KI-C-2022-LINC-003747 · Corrections policy